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Planning a house flip? Get the financing right before you buy.
October 3, 2026 | Posted by: Craig Nickerson
Planning a house flip? Get the financing right before you buy.
A bargain purchase can become an expensive project if renovation costs, carrying expenses or the resale timeline are underestimated.
What specialized flip financing can offer
Specialized flip financing may offer:
• 6–12 month terms with interest-only payments
• Fully open mortgages with no prepayment penalties
• Lending based on the property's approved after-repair value
• Options for properties needing substantial work
• The ability to use equity in another property as additional security
These features can help preserve working capital and give you flexibility to repay when the property sells. Interest-only payments do not reduce the mortgage balance.
Run the real numbers first
You still need a realistic renovation budget, funds to cover project costs and a clear repayment plan. Allow room for unexpected repairs or a longer selling period, and include interest, lender fees, legal costs and selling expenses in your numbers.
Experience on both sides of the deal
Craig has experience financing flips and buying and selling renovation properties himself. Let's review your project before you commit.
Learn more about investment property mortgages, construction and renovation financing and private mortgages, including our in-house private funds.
Call or text Craig at 613-394-5810 or email craig@simpligomortgages.com.
Subject to lender approval, property valuation and project requirements.
